BidaskClub Downgrades Sibanye Gold Limited (SBGL) to Buy
Sibanye Gold Limited (NYSE:SBGL) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Saturday.
Separately, ValuEngine lowered Sibanye Gold Limited from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $10.00.
Sibanye Gold Limited (SBGL) traded down 2.01% during mid-day trading on Friday, reaching $5.84. 3,165,782 shares of the company were exchanged. The company has a market capitalization of $1.36 billion, a PE ratio of 4.83 and a beta of -0.17. Sibanye Gold Limited has a one year low of $4.43 and a one year high of $15.40. The stock has a 50-day moving average price of $5.70 and a 200 day moving average price of $6.75.
Large investors have recently modified their holdings of the business. Keybank National Association OH purchased a new position in Sibanye Gold Limited in the 1st quarter worth about $112,000. Comerica Bank raised its position in Sibanye Gold Limited by 3.0% in the 1st quarter. Comerica Bank now owns 13,467 shares of the basic materials company’s stock worth $108,000 after buying an additional 398 shares during the last quarter. World Asset Management Inc raised its position in Sibanye Gold Limited by 0.8% in the 1st quarter. World Asset Management Inc now owns 14,292 shares of the basic materials company’s stock worth $126,000 after buying an additional 109 shares during the last quarter. ING Groep NV purchased a new position in Sibanye Gold Limited in the 1st quarter worth about $150,000. Finally, FNY Partners Fund LP purchased a new position in Sibanye Gold Limited in the 1st quarter worth about $158,000. 35.75% of the stock is owned by institutional investors and hedge funds.
Sibanye Gold Limited Company Profile
Sibanye Gold Limited is an independent, global precious metal mining company. The Company is engaged in producing a mix of metals that includes gold and the platinum group metals (PGMs). Its projects are grouped by two regions: the Southern Africa region and the Americas region. Its products include gold, platinum group metals and by-products.
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